TSX Retreats From Record High

2026-08-14 20:30 By Isabela Couto 1 min. read

The S&P/TSX Composite Index shed 0.1% to close at 36,730 on Friday, retreating slightly from the record reached in the prior session amid losses in the technology and retail sectors.

The technology sector tracked weakness among Wall Street-listed hyperscalers, with Shopify losing 3%, Constellation Software down 2.3% and Celestica tumbling 4%.

Meanwhile, Canadian retailers traded lower amid disappointing US data pointing to a slowdown in the sector.

ATD shed 0.7% and Loblaw lost 1.1%.

The industrial sector was also mostly lower, with Enbridge down 1.2% despite fresh data showing growth in Canada’s factory sales.

Financials traded mostly higher despite energy-driven inflationary pressures, as signs of macroeconomic headwinds in the US supported expectations of a Fed rate hold at the next FOMC meeting.

TD Bank added 0.5% and CIBC gained 0.8%.

Gold prices rose on expectations for US monetary policy, lifting miners.

Agnico Eagle rose 2.9%, while WPM and Barrick gained 1.3%.



News Stream
TSX Retreats From Record High
The S&P/TSX Composite Index shed 0.1% to close at 36,730 on Friday, retreating slightly from the record reached in the prior session amid losses in the technology and retail sectors. The technology sector tracked weakness among Wall Street-listed hyperscalers, with Shopify losing 3%, Constellation Software down 2.3% and Celestica tumbling 4%. Meanwhile, Canadian retailers traded lower amid disappointing US data pointing to a slowdown in the sector. ATD shed 0.7% and Loblaw lost 1.1%. The industrial sector was also mostly lower, with Enbridge down 1.2% despite fresh data showing growth in Canada’s factory sales. Financials traded mostly higher despite energy-driven inflationary pressures, as signs of macroeconomic headwinds in the US supported expectations of a Fed rate hold at the next FOMC meeting. TD Bank added 0.5% and CIBC gained 0.8%. Gold prices rose on expectations for US monetary policy, lifting miners. Agnico Eagle rose 2.9%, while WPM and Barrick gained 1.3%.
2026-08-14
TSX Holds Near Record High
The S&P/TSX Composite Index was flat at the 36,800 mark on Friday, a record high, amid gains for gold miners. Gold prices rebounded after earlier losses, lending support to mining stocks. Agnico Eagle rose over 2%, while Barrick and WPM added 1.5% each. Meanwhile, financials traded mostly below the flatline as energy-driven inflationary pressures weighed on credit-sensitive shares. The US threatened an indefinite naval blockade on Iran, reviving concerns about disruptions to crude supplies from the region and pushing oil prices higher. On the earnings front, Bird Construction (+3%) beat second-quarter profit estimates. Air Canada (+2%) is likely to post record revenue for September and October, according to a senior executive. Canadian Tire edged up after beating estimates for both EPS and revenue. Onex (-1%) said its second quarter showed progress toward several strategic goals but did not provide EPS figures.
2026-08-14
TSX Futures Edge Lower on Mideast Tensions
Futures tracking Canadian stocks edged lower on Friday amid heightened uncertainty in the Middle East. The US threatened an indefinite naval blockade of Iran, reviving concerns about disruptions to crude supplies from the region. Oil prices moved higher, fueling inflationary pressures and weighing on financials and other credit-sensitive shares. Meanwhile, gold prices rebounded after earlier losses, lending support to mining stocks. On the earnings front, Bird Construction beat second-quarter profit estimates, prompting at least three brokerages to raise their price targets on the stock. Air Canada’s revenue for September and October is likely to reach records for the two months as more premium travelers avoid the heat and summer crowds in Europe and Japan, according to a senior executive. Canadian Tire beat estimates for both EPS and revenue in the second quarter. Onex said its second quarter showed progress toward several strategic goals.
2026-08-14